Fla. Judge Rules Public Employee Pay Cut Unconstitutional
March 7, 2012 (PLANSPONSOR.com) – A Florida Circuit Court judge ruled...
Tag: Public Pension
STRS Ohio Changes Actuarial Assumptions
March 6, 2012 (PLANSPONSOR.com) – At the recommendation of its actuarial consultant, the board of the State Teachers Retirement System...
Benefits |
DiNapoli: Don’t Race to Dismantle DB Plans
March 6, 2012 (PLANSPONSOR.com) - Media accounts make it seem public pensions are financially insecure and costly but, while some...
State Pensions See Bump in Funded Status
March 5, 2012 (PLANSPONSOR.com) - Wilshire’s 2012 Report on Funding of...
Benefits |
OPM Making a Dent in Federal Retiree Claims Backlog
March 5, 2012 (PLANSPONSOR.com) - The Office of Personnel Management (OPM) accelerated its processing of retirement claims in February, according...
Downturn Spurs Public DB Plan Efforts to Address Sustainability
March 2, 2012 (PLANSPONSOR.com) - Since 2008, the combination of fiscal pressures and increasing contribution requirements has spurred many states...
Benefits |
Bill Would Cut Pensions for Former U.S. Presidents
February 29, 2012 (PLANSPONSOR.com) - Three members of the U.S. House of Representatives proposed legislation that would cut federal compensation...
Pre-Funding Can Shave Billions off Calif. OPEB Cost
February 24, 2012 (PLANSPONSOR.com) – California State Controller John Chiang released an actuarial report showing the 30-year cost of providing...
Benefits |
LASERS Objects to Governor’s Proposed Pension Changes
February 24, 2012 (PLANSPONSOR.com) - The Louisiana State Employees Retirement System (LASERS) voted to oppose nearly all the measures contained...
N.J. Court Finds Public Employee Need not Return Pension Overpayment
February 24, 2012 (PLANSPONSOR.com) – An appellate court in New Jersey found a public worker did not intend to mislead...
Benefits |
Mass. Retirement Board Suspends Pension for Lobbyist
February 23, 2012 (PLANSPONSOR.com) - The Massachusetts state retirement board voted to stop pension payments to lobbyist Richard W. McDonough.
Calif. Local Pension Systems in Debt More than $130B
February 21, 2012 (PLANSPONSOR.com) – A report found California’s local independent pension systems are more in debt than other state...
STRS of Ohio Board Selects New Asset Mix
February 21, 2012 (PLANSPONSOR.com) – The State Teachers Retirement System of Ohio (STRS Ohio) Board selected a new asset mix...
Congress Approves Deal to Increase Federal Employee Pension Contributions
February 17, 2012 (PLANSPONSOR.com) – New federal employees will pay 2.3% more toward their government pensions under a new deal...
Benefits |
Okla. Lawmakers Approve Change in Firefighters’ Pension Plan
February 17, 2012 (PLANSPONSOR.com) - A bill, HB 2320, approved by the Oklahoma House of Representatives, modifies interest rate provisions within...
CalPERS: Hybrid Plan May not Significantly Reduce Costs for State
February 15, 2012 (PLANSPONSOR.com) - The California Public Employees’ Retirement System (CalPERS) released an actuarial staff analysis that outlines the...
Benefits |
2013 Budget Calls for Increase in FERS Pension Contributions
February 13, 2012 (PLANSPONSOR.com) – President Obama’s 2013 budget calls for federal employees to contribute more to their pensions.
Benefits |
Mich. Unions File Lawsuit Against Changes in State Retirement Plans
February 13, 2012 (PLANSPONSOR.com) – A coalition of unions in Michigan filed a lawsuit against a recent law that requires...
Wis. Investment Board Makes Private Equity Commitments
February 13, 2012 (PLANSPONSOR.com) - The State of Wisconsin Investment Board, which manages $83 billion in pension funds, is making...
Benefits |
New Mexico House Passed Bill to Raise Educators’ Retirement Age
February 13, 2012 (PLANSPONSOR.com) – The New Mexico House passed a bill to establish a minimum retirement age of 55...